Buyer Consortium Led By Recco Control Technology And Dazheng Group Issues Statement On Hollysys' Formal Sale Process, Reiterates All-Cash Offer of US$25 Per Share
Portfolio Pulse from Bill Haddad
A buyer consortium led by Recco Control Technology and Dazheng Group has reiterated its all-cash offer of $25 per share for Hollysys. This follows Hollysys' announcement of a formal sale process.
October 05, 2023 | 1:17 pm
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Hollysys is the subject of an all-cash offer of $25 per share from a consortium led by Recco Control Technology and Dazheng Group.
The all-cash offer for Hollysys at $25 per share could potentially increase the stock price in the short term as investors may see this as a positive signal. The formal sale process also indicates that Hollysys is open to such offers, which could further drive up the stock price.
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